BlackRock: Like emerging markets, it is expected that developed market central banks will adopt a "Higher for Longer" interest rate strategy.

BlackRock Investment Institute stated in a report on Monday that some emerging market central banks are pausing rate cuts due to concerns about inflation, and decision makers in developed markets may also find themselves needing to maintain higher interest rates for a longer period of time (Higher for Longer).

Zhitong FinanceJul 8 20:14 ET